- An MOU was signed to conduct pier development projects and the land arrangement business at home and abroad - Amco will introduce advanced technologies from Japan in harbor development and land arrangement projects. - The new technologies will be applied to Hyundai Steel’s blast furnace construction.
Hyundai Motor Group’s construction company, Amco is set to introduce advanced technologies from Japan.
Amco (Representative: Kim Chang-Hee. www.amco.co.kr) said it signed an MOU with Japan National Land Development Corp. at Renaissance Hotel, Yeoksam-dong to jointly implement large-scale pier development and land arrangement projects.
Through the MOU, the two companies aggreed to cooperate for the architecture design and construction technologies in the field of civil engineering covering civil engineering works, basic land quality assurance engineering, soft ground solidifying engineering and marine constructions.
Major items of cooperation are ▲cooperate for domestic and overseas projects’ architecture design and construction ▲boost mutual benefits by jointly participating in civil engineering and SOC projects ▲make an alliance to enhance the two companies’ core competitiveness and capabilities ▲exchange technological and other relevant information, as well as employees
Based on the partnership, Amco will apply Japanese advanced technologies in Hyundai Steel’s blast furnace construction, as well as upcoming harbor development and land arrangement projects at home and abroad.
During its 46 year history since its 1960 establishment, Japan National Land Development Corp. has been highly evaluated mostly in the field of marine construction and engineering. It prides itself on its best technologies for basic land quality assurance engineering and pier construction in Japan.
In particular, its special technique for solidifying soft ground is known to be very competitive.
Lee Byong-sok, head of Amco’s Civil Engineering Division said, “The partnership provides Amco with the capability to conduct not only civil engineering projects but also comprehensive plant development projects.” “In the future, the two companies’ joint participation in domestic and overseas projects are expected to maximize synergies,” added he.
Amco was ranked 33rd in a construction capability assessment, 15 notches up from last year. It aims to generate 1 trillion won in revenues this year, and become one of the top 10 Korean construction companies by 2010. The end.
* Photo: Jo Wi-geon, Amco’s Executive Vice President (left) and Inada Naoji, President of Japan National Land Development Corp. are shaking hands after signing the MOU for technology partnership.